Schedule V: Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule V: Valuation and Qualifying Accounts

ROOT, INC. AND SUBSIDIARIES
Schedule V: Valuation and Qualifying Accounts
For the Years Ended December 31, 2021, 2020 and 2019 (in millions)
			Additions
	Balance at beginning of period		Charged to costs and expenses		Charge to other accounts(1)		Deductions		Balance at end of period
Year Ended December 31, 2019
Valuation allowance for deferred tax assets	$	19.4	$	57.4	$	—	$	—	$	76.8
Allowance for premium receivables	$	—	$	9.0	$	—	$	(7.0)	$	2.0
Year Ended December 31, 2020
Valuation allowance for deferred tax assets	$	76.8	$	61.5	$	(1.0)	$	—	$	137.3
Allowance for premium receivables	$	2.0	$	23.6	$	—	$	(22.1)	$	3.5
Year Ended December 31, 2021
Valuation allowance for deferred tax assets	$	137.3	$	116.7	$	1.0	$	—	$	255.0
Allowance for premium receivables	$	3.5	$	20.9	$	0.8	$	(19.8)	$	5.4
Allowance for reinsurance recoverables	$	—	$	—	$	0.2	$	—	$	0.2

______________(1) We adopted ASU 2016-13 and the related amendments as of January 1, 2021. We recognized a $1.0 million cumulative effect transition adjustment to beginning accumulated loss relating to $0.8 million for current expected credit losses on our premium receivable and $0.2 million for current expected credit losses on our reinsurance recoverable.